A $60 million mixed-use project is being planned for a block of property at the Burnside bridgehead. The proposed 12-story building will have approximately 290 market-rate apartments, ground-floor retail and about 175 parking spots.

The Portland Development Commission has come to an agreement with Key Development Corporation, a Hood River-based developer, to redevelop a portion of the four-acre Burnside Bridgehead site with a 12-story, 200,000-square-foot building with approximately 290 market-rate apartments.

Beam Development is hoping that major renovations will begin at its Convention Plaza building this summer. To solidify financing for the project, the firm is searching for tenants that will form creative communities to inspire each other.

The Portland Development Commission’s board has approved an agreement with Beam Development for the company to move forward with the renovation of the historic, 96,000-square-foot Convention Plaza building. The PDC has signed memorandums of understanding with three additional development companies to look into projects on other blocks of the Burnside Bridgehead properties.